Aperture Investors LLC Purchases 17,234 Shares of Everus Construction Group, Inc. $ECG

Aperture Investors LLC boosted its position in Everus Construction Group, Inc. (NYSE:ECG) by 47.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,531 shares of the company’s stock after purchasing an additional 17,234 shares during the period. Aperture Investors LLC owned approximately 0.10% of Everus Construction Group worth $3,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Everus Construction Group during the second quarter valued at approximately $273,000. State of New Jersey Common Pension Fund D bought a new position in Everus Construction Group in the second quarter worth approximately $2,085,000. Bluefin Capital Management LLC purchased a new position in Everus Construction Group during the 1st quarter worth $264,000. Bank of Montreal Can raised its position in Everus Construction Group by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock valued at $894,000 after purchasing an additional 563 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Everus Construction Group during the 2nd quarter valued at $359,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research report on Thursday, November 6th. Stifel Nicolaus boosted their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $91.32 on Wednesday. The company has a 50 day moving average price of $89.43 and a 200 day moving average price of $77.00. The firm has a market capitalization of $4.66 billion and a P/E ratio of 25.87. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $103.08.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.49. The company had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. Everus Construction Group’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. Sell-side analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.